“This triplet of recent sales may well be a watershed moment for Saudi Arabia’s privatization program, which has been interrupted by the coronavirus pandemic, as they are among the first of more than 160 privatization initiatives in the next 12 months.”

–Piotr Schulkes analyzes recent PIF sales of its holding in Tadawul, ACWA and STC and how this fits into Saudi Arabia’s accelerating privatization drive. [Amwaj]